ChartArt
Long

Best time in two decades to buy the S&P 500. Breakout of 200 SMA

FX:SPX500   S&P 500 index of US listed shares
876 5 18
The most painful part of the short squeeze may be yet to come. Because Mario Draghi positively surprised more than the market expected and impressed with a big move by cutting the main refinancing rate to 0.0 percent and rather than buying only eurozone government bonds the ECB is extending its monthly asset purchases to bonds issued by non-bank corporations.

This will lead to a breakout beyond the 200 day simple moving average and increase the short-covering rally so much that we might see a new all-time high instead of a dead cat bounce. Thereby my bullish scenario has a increasingly higher probability to play out. Especially because historically the US stock market rallied a lot starting around 3-6 months after the first FED hike and we are now already at month number three. See: https://twitter.com/SPYder_Crusher/status/677211160991555584

And we have according to Goldman Sachs a 21% chance that the "S&P 500" rallies 5% according to fundamentals (source of my headline title)
http://www.bloomberg.com/news/articles/2016-03-07/goldman-sachs-sees-best-time-in-two-decades-to-buy-s-p-500-calls

I also see the "Crude oil" and "China" markets at a bottom as mentioned before and now I also see "Apple" at a bottom with the price being back above USD100.

Long-term long
Entry: Below 2000 points
Stop loss: 1888 points
1. Target: 2300
2. Target: 2600

LINKS

Stock gains continue after initial rate move
https://www.fidelity.com/viewpoints/investing-ideas/first-rate-hike

The most painful part of the short squeeze may be yet to come
http://www.zerohedge.com/news/2016-03-05/most-painful-part-short-squeeze-may-be-yet-come-jpm-warns

ECB takes bold steps to stimulate eurozone economy
http://www.nytimes.com/2016/03/11/business/international/ecb-draghi-europe.html


CHARTS

snapshot


At least the S&P 500 went higher for two more days since posting my original chart. Today is a potential turning point with the FED meeting of March 2016. Let's see if the S&P 500 stays above 1970 to continue the uptrend further.

snapshot
Reply
Is this a joke? Seems like one.
Reply
Did you read my description? Which fundamental argument I mentioned there is a joke?
Reply
Do you still think it was a joke?
+1 Reply
Agree with the buy on SPX, fundamentals indicate upward movement
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